(128,69)The EUR/JPY confirmed yesterday a positive closing while remaining however interior the range of the previous session forming a new inside day with 129,85 – 126,30 the levels to follow in the coming hours. Only a break of the support will lead to cross again lower suggesting a retest of the 125,00 – 124,90 support area and now key level!! The indicators of the daily chart are still above the line for now while those of the s/t ones are showing a mixed picture suggesting further consolidation. While below the 200 hours line at 128,98 on an hourly closing we expect the cross to resume the decline, scenery suggested by negative reversals in the hourly chart!! We are still short with the stop at 129,05.
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Future Trend Research